Forex Trend Analysis Report
Prepared for you on Sunday, July 21, 2019.
Mexican Peso/Czech Koruna (FOREX:MXNCZK)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for MXNCZK
The long term trend has been DOWN since Jun 3rd, 2019 at 1.164985
The intermediate term trend has been UP since Jul 8th, 2019 at 1.201365
The short term trend has been DOWN since Jul 17th, 2019 at 1.194250
Smart Scan Analysis for MXNCZK
Based on a pre-defined weighted trend formula for chart analysis, MXNCZK scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).